Ironically, Britain's A-list shareholder culture makes its de-equitisation all the likelier
ago Trian, a hedge fund, revealed that it had built a 6% stake in Ferguson, a London-listed company that supplies the building trade. Trian is run by Nelson Peltz, who has a long history as the sort of activist investor who buys stakes in firms and then uses his influence over management to boost the share price. Ferguson makes most of its profits in America. Yet its shares traded at a discount to peers listed there. Perhaps something could be done to change this.
The backdrop is a shift in the relative costs of debt and equity finance. One way to look at this is through the prism of expected returns. A rough-and-ready gauge of expected returns on stocks is the earnings yield—the inverse of the price-to-earnings ratio. It is a measure of real returns: if a burst of inflation raised prices at a uniform rate, the earnings yield would not change. The prospective earnings yield on theAll-Share index of London-listed stocks is 7.6%.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Markets falter as Brexit approaches its endgameEuropean equities opened lower and sterling came off five-month highs on Wednesd...
Weiterlesen »
It's Time to Ask Candidates Better Questions in the Presidential DebatesNew research from TimesUpNow reveals important information about presidential debate topics.
Weiterlesen »
Good Morning Britain's Kate Garraway leaves fans in hysterics after sharing video of herself stretchingGood Morning Britain's Kate Garraway and Ben Shephard teamed up for a very hilarious segment on Thursday's Good Morning Britain
Weiterlesen »
UK heading for 'fairly hard' Brexit if Johnson deal passesBritain will be on course for more distant economic ties with the European Union...
Weiterlesen »
EU leaders 'sorry' to see Britain go as Johnson secures Brexit dealBritish Prime Minister Boris Johnson says the new Brexit deal is 'reasonable, fair'
Weiterlesen »
UK PM Johnson hails 'great' new Brexit deal but DUP says 'no'Prime Minister Boris Johnson said on Thursday that Britain and the European Unio...
Weiterlesen »